It Could Be A Good Move For Israel To Trade In Bitcoins!

January 5, 2015

581

The economic advisor of Prime Minister Binyamin Netanyahu, Professor Eugene Kandel (also the head of Israel’s Council of Economics has suggested that Israel starts to consider using bitcoins. The speech he delivered was part of his contribution to a conference that was held in Jerusalem by the Ministry of Treasury in Israel. The speech was all about labor contracts and wages.

When mentioning bitcoins, Kandel was expressing his opinion on the economic realities in Israel, and how disrupting technology is making the modern workforce change. During his speech, he also gave an estimate that around 900,000 workers in Israel were at a high threat of having their job roles replaced by technology, a very frightening prospect! He also believed that a small percentile of the 900,000 would not find themselves unemployed, but they would be faced with a job role that offered them no growth.

Professor Kandel suggested that Israel focuses on becoming leaders in niche parts of technology sectors to solve the issue. He also went on to talk about how the small nation focusing and being able to corner certain niches, would help the country to excel and boost the economy. He questioned bystanders at the conference whether or not the government were going to be able to make regulations that would be able to support innovations and new technological advancements that would be able to provide long term economic benefits.

Bitcoins were used as one of the examples and he also mentioned that the government needed to take chances with the digital currency. He then went on to discuss that if bitcoins did excel around the world then Israel would be in a very good financial position economically.

Stem Cell Research and Bitcoins

The thought that Israel could be a leader in bitcoins in the near future has been proposed to the government in the past. In February last year, attendees from the Bank of Israel were propositioned by panelists who brought forward precedence from stem cell research that had been conducted. In that scenario, it was suggested that Israel would be able to be one of the leaders in stem cell research to fill a gap that the US had left after they limited their research. In the same way, by becoming active in the promotion of bitcoins, Isreal has a strong potential for becoming a hub to export technology innovations that are related to digital currency payments.

Jacob Maslow

Set Your Business Up For Success

Want to make this your most successful year yet? Make sure to cover all your bases. Focus on what you do best and find experts for all of the rest. Fiverr is a great place to find professional help in every field imaginable. Have countless to-dos? Fiverr’s freelancers can be counted on to do them all. On time and on budget.

Wondering where to start? Here are your 3 steps to business success:

1. Build a Better Brand
Want a brand that earns your customers’ trust and loyalty? Don’t confuse them with a bland brand.
Create a standout brand across every aspect of your marketing: Brand your logo, your website, your app, your social media.
You get the picture. (but make sure that picture looks good)

Get a world-class logo design
Design your social media to reflect your brand
Tailor your web and mobile design to fit your brand

2. Grow Your Customer Base
They’re not going to walk in your door if they don’t know who you are. Catch them while they’re browsing the Internet at home. Pop up on mobile while they’re walking around town. Whatever it takes to reel them in.
Pump up your presence online with these easy fixes:

Boost your social media marketing (SMM): Target your ideal customers and appear in their social media feeds.
Level up your search engine marketing (SEM): Pop to the top of the search results with your targeted ads.
Step up your SEO: Rank first on Google search results and get the attention your brand deserves.

3. Stay Ahead of Your Digital Game
To keep pace with the latest digital trends, you have to keep up with the times. This means you need to give your users what they demand.
Constant content updates: Who wants yesterday’s news?
Short, engaging videos: Your customers crave them.
Seamless user experience (UX): Because no one wants to waste time looking around your site for info when they can find it elsewhere faster. A clean, user-friendly user interface (UI) can clean out the clutter and make your users even more engaged.
Stay ahead of the pack with: